Proactiveinvestors Australia

Central Petroleum www.centralpetroleum.com.au/

Central Petroleum (ASX: CTP) holds an extensive package of prospective acreage of over 270,000 km2 in central Australia, which is predominately in the Pedirka Basin, along with 25,000 km2 in the Southern Georgina Basin.

 

Apart from conventional gas potential, the company has had independent estimates of over 10,000 trillion cubic feet in UCG "syngas" prospective recoverable resources.

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Central Petroleum awards 3D seismic contract, data to assess Surprise oil find in the Amadeus Basin

Central Petroleum (ASX: CTP) has awarded Terrex Seismic the contract to shoot 82 square kilometres of 3D seismic over the Surprise oil discovery in the Amadeus Basin, to more accurately assess the find.

Line clearing is scheduled to start soon with seismic acquisition to be carried out in mid-May 2012 before the start of extended production testing on the Surprise-1 well.

Processing of the 3D is expected to be completed by early August 2012 and the resulting data is expected to play a key role in delineating the extent of the Surprise discovery and determine its productivity and resources present.

RPS Energy had previously estimated in-place oil resources of between 0.5 and 2 million barrels at Surprise.

The seismic could also aid in locating a follow-up well, which could double production and add further to the company’s knowledge of the field.

Central is also planning to shoot another 60 kilometres of 2D seismic close to the 3D seismic to further define a structure similar to the salt diapir-induced anticline at Surprise as well as 132 kilometres of 2D seismic to in the northern Pedirka Basin to firm up the Pellinor lead.

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